Fastly Inc reports results for the quarter ended in January 1 - Earnings Summary

Fastly

07/11/2024 14:57

* Fastly Inc  FSLY.N  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 6 cents per share. Wall Street expected
results to range from -7 cents to -5 cents per share.
    * Revenue rose 7.3% to $137.21 million from a year ago;
analysts
expected $131.88 million. 
    * Fastly Inc's reported EPS for the quarter was a loss of 27
cents​.
    * The company reported a quarterly loss of $38.02 million.
    * Fastly Inc shares had risen by 7.8% this quarter and
lost 54.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Fastly Inc is
$7.25 
This summary was machine generated from LSEG data November 7 at
02:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.06          0.02           Beat
 Jun. 30 2024      -0.08          -0.07          Beat
 Mar. 31 2024      -0.06          -0.05          Beat
 Dec. 31 2023      -0.02          0.01           Beat